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The CORE Framework for AI in Retail

1) Artificial Narrow Intelligence (ANI): “Weak AI” that specializes
in one area. We have so far conquered this stage.
2) Artificial General Intelligence (AGI): “Strong AI,” or HumanLevel AI, that is as smart as a human across the board—a
machine that can perform any intellectual task that a human being
can.
3) Artificial Super Intelligence (ASI): Much smarter than the best
human brains in practically every field, including scientific
creativity, general wisdom and social skills.

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Dynamic Pricing: Hard to Compete with AI on Pricing

Dynamic pricing—also referred to as real-time or demand pricing—is an approach used by retailers to set flexible prices for products based on current market demand. In other words, to formulate optimal prices to maximize sales and margins. Advancements in digital technology are enabling retailers’ dynamic pricing strategies to become increasingly accurate and effective.

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How AI Is Powering Retail Growth (NRF)

• AI is human-like or intelligent
behavior exhibited by computers and
machines.
• It is enabled by a computer program
or set of programs that help machines
make autonomous decisions through
cognitive functions similar to those
typically exhibited by human beings,
such as learning, decision making
and problem solving.

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XRC Labs Cohort 5 Launch Event: Bigger than Ever

The FGRT team attended NRF 2018 Retail’s Big Show in New York City this week. With more than 35,000 attendees from 95 countries, including 18,000 retailers and more than 600 exhibitors, the trade show is one of the biggest in the retail industry. Below are our key takeaways from the third and final day of the event.

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